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Fortunately, in a couple months low and middle income Americans will see the benefits in their paychecks, and shortly thereafter those out

Posted by: PhoneHome on Dec 21, 10:15 in response to dubord.s' post Joint Committee on Taxation: Lower- and middle-income...

of work will find jobs, and the media lies and spinning will be exposed.  Unfortunately, it won't stop them from continuing to lie. I don't mind, and in fact enjoy, debate about the need for tax money vs government spending, but the lying saying that's it's not really a tax cut, it's all going to the rich, "the additional spending won't help anyone but the rich" makes it impossible to have an intelligent conversation.  They have found that class-envy gets the most traction, so they play that card ad nauseam instead of debating the real truth and facts about whether the government needs the additional funds or if it helps the country more to let the people keep more.

Joint Committee on Taxation: Lower- and middle-income households ($10k-$75k) will likely end up paying more in taxes dubord.s Dec 21, 07:57

you are making the common mistake of reading the actual text of the bill. what the GOP really means is someone will fix this later {nm} slipping jimmy Dec 21, 09:00

Fortunately, in a couple months low and middle income Americans will see the benefits in their paychecks, and shortly thereafter those out PhoneHome Dec 21, 10:15

I'd be willing to debate, but to characterize a statement from JTC as "media lies" indicates how open you are to actual debate. {nm} dubord.s Dec 21, 10:17

The lies comes from those such as the CBC article you cited that manipulate JTC and TPC information out of context {nm} PhoneHome Dec 21, 10:21

That's just your opinion. Provide some context then, {nm} Antibody Dec 21, 10:48

According to the TPC directly (link enclosed), the bottom 40% will reap a whopping $220 a year. Then hands some back in 2025. dubord.s Dec 21, 12:41

Again with distorting by using incomplete information. The TPC also says the bottom 45% doesn't pay any taxes. Zero, none, nada. PhoneHome Dec 21, 13:08

Ludicrous? They get about $190k, which by my math, is almost 1000 times $220. But of course, that's straight math so it must be a trick. {nm} dubord.s Dec 21, 13:24

it also ignores all the other non-tax costs that will continue to go up as a result -- higher premiums for health insurance will wipe out slipping jimmy Dec 21, 13:28

Since they are already paying zero, $220/yr is coming from you and me and the top 1% in the form of credits. Actually a nice gift. {nm} PhoneHome Dec 21, 13:19

(income taxes, because they don't make enough money to get into a bracket. still pay plenty of sales and other taxes) {nm} slipping jimmy Dec 21, 13:23

Check the facts: those under $25k (bottom 20%) will get a whole $60 a year. The next quintile DO pay taxes, and get $30 a month. dubord.s Dec 21, 13:32

Your quote ignores the 2nd quintile. And it defintely doesn't say anybody, including the top 0.1% is saving $190K. Made up figure? PhoneHome Dec 21, 14:48

Really? 8 page report too long for you? Here's some help: it's in the p.3 table. Ave Fed Tax Change of $193,380 for Top 0.1% {nm} dubord.s Dec 21, 20:30

low and middle income (0 to $75k/yr) will see, at best, $202 to $2,129/year in savings (at first). $20 to $180/mo is table crumbs slipping jimmy Dec 21, 10:49

$2,129/year table crumbs? Tell them that. Avg taxes for $30-40K is $2149, $40-50k $3325, $50-75K $5634. Thats 38-100% annual tax savings! PhoneHome Dec 21, 11:56

yes, compared to the trillions that will be flowing to the top brackets, corporations, and pass-through entities, $2k a year is scraps. and slipping jimmy Dec 21, 12:15

$2000/yr avg savings as per TPC X 126,000,000 households = $250 billion/yr, $1.75 trillion over 7 years PhoneHome Dec 21, 12:26

surely they'll all turn out in the midterms to vote for the reps and senators who passed it, if it's such a great deal! {nm} slipping jimmy Dec 21, 13:25





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